POET Technologies (CVE:PTK) Trading 19.9% Higher - Here's Why

POET Technologies Inc. (CVE:PTK - Get Free Report) traded up 19.9% during mid-day trading on Thursday . The company traded as high as C$6.64 and last traded at C$6.63. 165,609 shares were traded during trading, an increase of 9% from the average session volume of 151,659 shares. The stock had previously closed at C$5.53.

POET Technologies Trading Down 0.5 %

The company has a market capitalization of C$289.14 million, a P/E ratio of -6.10 and a beta of 0.48. The company has a quick ratio of 5.08, a current ratio of 2.20 and a debt-to-equity ratio of 1.20. The firm's 50-day moving average price is C$6.41 and its 200 day moving average price is C$6.23.

Insiders Place Their Bets

In related news, Director James Lee sold 5,000 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$9.54, for a total transaction of C$47,682.00. Corporate insiders own 0.82% of the company's stock.

About POET Technologies

POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. The company offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.